Darling Ingredients (NYSE:DAR) EVP Patrick Mcnutt Sells 8,000 Shares of Stock

Darling Ingredients Inc. (NYSE:DAR) EVP Patrick Mcnutt sold 8,000 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $67.09, for a total value of $536,720.00. Following the completion of the sale, the executive vice president directly owned 35,777 shares in the company, valued at approximately $2,400,278.93. This represents a 18.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Darling Ingredients Stock Up 1.7%

Shares of NYSE DAR opened at $66.86 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.03 and a current ratio of 1.56. The stock has a market cap of $10.55 billion, a PE ratio of 18.02 and a beta of 1.02. Darling Ingredients Inc. has a 52-week low of $29.15 and a 52-week high of $67.68. The business has a fifty day moving average of $58.93 and a two-hundred day moving average of $57.49.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, July 30th. The company reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $1.01. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%.The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the company posted $0.08 earnings per share. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. As a group, equities research analysts expect that Darling Ingredients Inc. will post 6.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Wall Street Zen raised shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research note on Saturday. TD Cowen raised their price target on shares of Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, July 27th. Jefferies Financial Group boosted their price objective on shares of Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Zacks Research downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Finally, Barclays increased their price objective on Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Darling Ingredients presently has an average rating of “Moderate Buy” and a consensus target price of $69.00.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Freestone Grove Partners LP bought a new position in shares of Darling Ingredients in the 2nd quarter worth $885,000. Caisse de depot et placement du Quebec acquired a new position in Darling Ingredients in the second quarter valued at about $1,404,000. Man Group plc acquired a new position in Darling Ingredients in the second quarter valued at about $78,876,000. Jupiter Topco LLC bought a new position in Darling Ingredients during the second quarter worth about $9,034,000. Finally, Hsbc Holdings PLC bought a new position in Darling Ingredients during the second quarter worth about $7,953,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

About Darling Ingredients

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.